It has been observed that the price action was trending down for past 5 months and now, it showed a strong volumes at support levels indicating a buyers coming back. It has another resistance at 280 levels, if it breaks and closes above it on weekly chart then it shall confirm a change in trend and will further rise up.

Target 1: 280

Target 2: 320

Stoploss: 245

Trade active

Trade active

Trade active

Trade closed: target reached:
Target 1 reached. Now, once it closes above 280 then it shall further move up to T2. Thanks

@ashishjain26, Not really, as you could see that on weekly chart the last bullish candle was so strong that it covered almost last two bearish candles indicating buyers in control of the price action and a reversal will be seen soon. Thanks